"In the case of Madrid, homes increase in value by 35% after having undergone a complete renovation".
Investors in the real estate market are particularly active, looking for new opportunities and niches from which to generate business and obtain the best returns.
There are statistics that speak for themselves and, at the moment, they all indicate that there is a strong upturn in the purchase of flats for refurbishment and sale. Why? Generally speaking, the prices of old flats are lower and are considerably revalued after renovation work. This has always been the case but, for sociological and market reasons, today this equation appears more accentuated.
In the case of Madrid, homes increase in value by 35% after having undergone a comprehensive reform and, in Barcelona, by 42%, according to a recent report by the consultancy Gesvalt and the real estate platform Casavo. It has become a more common practice every day, and from DEXTER it is fully corroborated.
"More and more entrepreneurs are turning to asset purchase loans. Whether it is a group of houses or a whole building, we can go as far as 60% of financing for the purchase. But then we can approve a loan for 100% of the work, of the refurbishment, which in many cases takes just months before the final marketing and sale of the assets".The company's Director of Risk Analysis, José Enrique Chasserot, points out, and concludes that "there are still plenty of opportunities in the market, both in large and medium-sized cities and on the coast, which will emerge in the 2023-2024 biennium"..
Alfonso Merlos, vice-president of DEXTER and Ángel Manuel Gómez, president of BE REAL, together with part of the team of the real estate company that is today a benchmark for new urban developments in the Community of Madrid.
